Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 08 Aug 2017 My Price 10.00

Prompt Technology

On a recent trip to Africa, J. T. Brown, sales manager of Prompt Technology, took his wife along at company expense. Linda White, vice president of sales and Brown's boss, thought his travel and entertainment expenses seemed excessive. But White approved the reimbursement because she owed Brown a favor. White was aware that the company president reviews all expenses recorded in the cash payments journal, so White recorded Brown's wife's expenses in the general journal as follows: debit to Sales Promotion Expense for $9,100 and credit to Cash for $9,100.

 

Requirements

 

1. Does recording the transaction in the general journal rather than the cash payments journal affect the amounts of cash and total expenses reported in the financial statements?

 

2. Why did White record these expenses in the general journal?

 

3. What is the ethical issue in this situation? What role does accounting play in this issue?

Instructions:Your initial response should be no less than 250 words.In-text citations and references may be in APA format but is NOT required

Answers

Maurice Tutor
(5)
Status NEW Posted 08 Aug 2017 09:08 PM My Price 10.00

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